Question: What procedures must the auditor perform when gathering evidence related to contingencies? Review minutes of the board of directors. Inquire of management and in-house legal

What procedures must the auditor perform when gathering evidence related to contingencies?

Review minutes of the board of directors.

Inquire of management and in-house legal counsel of any unreported contingent liabilities.

Review legal expense accounts for unexpected fluctuations.

Send accounts payable confirmations.

Perform an inventory count.

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